secwatch.observer — SEC 8-K summary
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Issuer:     Distoken Acquisition Corp (—)
CIK:        0001818605
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0001104659-23-119131
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Distoken shareholders approve extension to Nov 2024; sponsor provides up to $360k note
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- Amendment to extend business combination deadline from Nov 17, 2023 to Nov 18, 2024 approved by shareholders.
- Sponsor Xiaosen Sponsor LLC issued up to $360,000 promissory note; $30k monthly deposits into trust account starting Nov 18, 2023.
- Shareholders redeemed 3,018,308 public shares ($31.9M at ~$10.57/share); remaining public shares 3,881,692.
- Trust account contains approx $10.58 per remaining public share after first deposit.
- Note is non-interest bearing, repayable upon business combination or liquidation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818605/000110465923119131/0001104659-23-119131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818605/000110465923119131/tm2330771d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-119131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer